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Are any local banks besides Dime offering anywhere nr 5.25%?

 
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amother




OP
 

Post Thu, Aug 03 2023, 11:32 am
Edited: Dime is now offering 5.25% APY on balances over $25,000.

Capitalone is offering 4.3

Apple is offering 4%

Seems like only these 3 brick and mortar banks are offering over 4%.

Are there others?

Id consider a CD if its a "no penalty for early withdrawal CD" (like Citi offers).
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amother




Snowdrop
 

Post Thu, Aug 03 2023, 11:40 am
Why do you want brick and mortar specifically?
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amother




OP
 

Post Thu, Aug 03 2023, 11:44 am
amother Snowdrop wrote:
Why do you want brick and mortar specifically?


Convenience of depositing and withdrawing cash, and "discomfort" with online banks with no branches.

Anyhow Dime's rate is the same as online rates.
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amother




OP
 

Post Fri, Aug 04 2023, 10:02 am
BUMP

Are any local banks besides Dime offering anywhere nr 5.25%?
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amother




Snowflake
 

Post Fri, Aug 04 2023, 12:10 pm
amother OP wrote:
Edited: Dime is now offering 5.25% APY on balances over $25,000.

Capitalone is offering 4.3

Apple is offering 4%

Seems like only these 3 brick and mortar banks are offering over 4%.

Are there others?

Id consider a CD if its a "no penalty for early withdrawal CD" (like Citi offers).

I started very low with capital bank but now I have 4.3%
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amother




Hotpink
 

Post Fri, Aug 04 2023, 12:20 pm
Can you post a link to Dime’s offer of 5.25%? I can’t find it online. Is this for a savings account or a CD?
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amother




OP
 

Post Fri, Aug 04 2023, 12:34 pm
amother Hotpink wrote:
Can you post a link to Dime’s offer of 5.25%? I can’t find it online. Is this for a savings account or a CD?



They have a few offers over 5%, with different terms.

https://www.dime.com/blue-promo1

https://www.dime.com/choicesav......com/
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amother




OP
 

Post Fri, Aug 04 2023, 1:05 pm
Can someone more finance-savvy than I am, tell me the difference between

both of these offerings that are for new customers only:

Aspire Choice Savings thats offering 5.25% with min 25,000 deposit,

and

Aspire Savings Plus thats offering 4.30% with min 25,000 deposit.

The only difference I see, is the rate.

Update: Bank says "Aspire Savings Plus" (the lower rate) is an old offering thats online by mistake and has to be removed.
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amother




OP
 

Post Sun, Aug 06 2023, 12:14 am
BUMP

Which NYC banks are offering 5% or close for a savings account (not a CD)?
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